About 200, nasdaq down 76 and s p 500 lower right now by 24. One of the issues is some weak earnings or forecasts. Ups for example beat on Second Quarter earnings but missed on revenue. The shipping company lowered the annual revenue forecast on soft ecommerce demand and reaching a labor deal with the Teamsters Union for 300,000 employees, Trucking Company yellow also filing for chapter 11 bankruptcy after years of financial struggles, growing debt. The Company Nearly 100 years old, had received more than 700 million from the Federal Reserve in aid during the pandemic. Greg, what do you think this tells us that yellow goes bankrupt, ups today has a weak forecast and misses on revenue . Is this a macroeconomic story . I think a little bit of it is macro, certainly. Look, the economy is evolving and if you look at the last year andahalf, weve had one of the biggest Interest Rate increases that weve seen if ever, not just here in the u. S. , but globally. And when you reprice Interest Rat
The subcommittee on energy will now come to order and the chair will recognize himself or an opening statement. This years atlantic Hurricane Season was unprecedented. More named storms in close succession slammed the gulf and the u. S. Virgin islands. These hurricanes caused catastrophic damage in Energy Supply disruptions across the country. Both texas and florida are further down the road to recovery in the humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there and the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurricane Maria made landfall. Todays hearing will review the response in Energy Recovery efforts in the wake of the storms that will help us begin to understand what went right and what went wrong. What lessons can be learned and how we as a risk and identify gaps so when the next hurricane hits we will be better prepared. As a result of Hurricane Harvey mor
Season was unprecedented. More named storms in close succession slammed the gulf and the u. S. Virgin islands. These hurricanes caused catastrophic damage in Energy Supply disruptions across the country. Both texas and florida are further down the road to recovery in the humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there and the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurricane Maria made landfall. Todays hearing will review the response in Energy Recovery efforts in the wake of the storms that will help us begin to understand what went right and what went wrong. What lessons can be learned and how we as a risk and identify gaps so when the next hurricane hits we will be better prepared. As a result of Hurricane Harvey more than 275,000 customers lost power in texas and severe flooding affected supplies and fuel. Compounding the response to challenges in Energy
Season was unprecedented. More named storms in close succession slammed the gulf and the u. S. Virgin islands. These hurricanes caused catastrophic damage in Energy Supply disruptions across the country. Both texas and florida are further down the road to recovery in the humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there and the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurricane Maria made landfall. Todays hearing will review the response in Energy Recovery efforts in the wake of the storms that will help us begin to understand what went right and what went wrong. What lessons can be learned and how we as a risk and identify gaps so when the next hurricane hits we will be better prepared. As a result of Hurricane Harvey more than 275,000 customers lost power in texas and severe flooding affected supplies and fuel. Compounding the response to challenges in Energy
Watch afterwards sunday night at 9 00 eastern on cspan2s book tv. Next testimony on energy and infrastructure including rebuilding efforts in florida, texas, and caribbean after major storms. And recommendations to improve Recovery Efforts after future Natural Disasters. A House Energy Subcommittee heard from the public and private sectors. Sub kmcommittee on energy w now come to order and the chair will recognize himself for an opening statement. This years atlantic Hurricane Season was unprecedented. Four named storms in close succession slammed into the gulf, puerto rico and the u. S. Virgin islands. These hurricanes caused catastrophic damage and Energy Supply disruptions across the country. While texas and florida are further down the road to recovery, a humanitarian crisis is unfolding in puerto rico. A number of colleagues from this committee have been down there. And the u. S. Virgin islands where the majority of folks still remain without power for more than a month after Hurr